HP India MD to head ICEA panel to boost IT hardware manufacturing
By IANS |
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HP India Managing Director Ketan Patel.. Image Source: IANS News
New Delhi, July 21 : As the government doubles down on IT hardware manufacturing in the country, the India Cellular & Electronics Association (ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware (laptop/tablet) sector.
The panel, chaired by HP India Managing Director Ketan Patel, will create a roadmap to ensure significant investments for the creation of a globally competitive IT hardware component, parts, and design ecosystem in India by 2026.
According to Patel, the PC and tablet market is approximately $230 billion globally and it is essential to create economies of scale to build a sustainable manufacturing base in India.
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PLI scheme: Wary of third wave, handset companies play it by ear on fresh hiring
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Synopsis
The PLI scheme for handsets was launched last October for five global companies, five domestic ones and six component makers with the aim to produce Rs 10.5 lakh crore worth of output and export 60% of it.
Agencies
Recruiters and handset makers remain cautious on hiring despite extension of productivity-linked incentive scheme timeline by a year to 2025-26 amid fears of a third wave of Covid-19 and as recruiting fully vaccinated employees becomes a challenge.
“We are cautiously optimistic that if there is no third wave and all adult population is vaccinated by December 2021, new hiring will start picking up in FY22 and we may create 20% more jobs in six years than what was targeted initially,” said Pankaj Mohindroo, chairman of industry body India Cellular Electronics Association.
Govt extends PLI scheme for handsets by a year; huge relief for industry indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
As India doubles down on local manufacturing to help homegrown brands shine on the world map, domestic smartphone manufacturers are currently facing an iota of problems before they ramp up production and face the mounting Chinese challenge .